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20121101
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Search Results 0 to 9 of about 10 (some duplicates have been removed)
. tom will be along later in the program. congress officially gets back to preventing the u.s. economy from falling off the fiscal cliff. while washington struggles on a fiscal cliff deal, what should you do about your portfolio? jeff applegate has some answers. he's chief investment officer at morgan stanley smith barney. and home depot hammers home strong gains and lays the foundation for a strong quarter ahead. that and more tonight on "n.b.r." it was another day of cliff- watching here on wall street today. investors and traders are waiting to hear what happens at an important white house meeting on friday between president obama and congressional leaders. they will be talking about ways to solve the so-called "fiscal cliff" dilemma. investors appear cautious about making any big moves until they know whether the cliff will trigger increases in capital gains and dividend taxes. the dow fell almost 59 points, the nasdaq lost 20, and the s&p was down five. meanwhile, in washington, congress returned to work for the first time since september. lawmakers face a long "to-do list," and g
that gets us to a larger deal next year, you don't think that will rep ardize the economy? >> i think if we can do as little as possible, they will already raise some tax. the payroll tax holiday may very well go away. so no more. i think the economy can get through that be, it's not good news but it's not the end of the world and then you need a deal in the spring. >> dow agree with that? >> well, i think that we will see slowing, yachlt i mean that will be a drag on the economy but the story of the recession going over the fiscal cliff is one where those tax increases and spending cuts stay in place through the year. >> just very quick prediction. do you think they'll come up with a package and how big will it be, 2 trillion, three and a half, 3 trillion. >> i don't think-- i think they'll separate the issues. i think we'll have something done on getting over this fiscal cliff and then they'll talk about a package. >> i think they will not go over the fiscal cliff, probability .7, not one. and they will sketch out a framework for dealing with spring. it is too much work. >> i thought we w
Search Results 0 to 9 of about 10 (some duplicates have been removed)